Market Update – September 2018

By: Deanalee Zuccatto

Take a look at the month of September real estate market update for Spruce Grove, Stony Plain, Rural Parkland County and Rural Lac Ste Anne County below.

Spruce Grove:

Single Family

• Currently active – 243

• Sold – 39

  • Average sale price – $349,956

  • Median sale price – $337,000

• 2 months of inventory

Condominium

• Currently active – 48

• Sold – 5

  • Average sale price – $165,300

  • Median sale price – $157,000

• 6 months of inventory

Stony Plain:

 Single Family

• Currently active – 152

• Sold – 27

  • Average sale price – $374,972

  • Median sale price – $335,000

• 6 months of inventory

Condominium

• Currently active – 44

• Sold – 2

  • Average sale price – $163,750

  • Median sale price – $163,750

• 22 months of inventory

Rural Parkland County:

 Country Residential

• Currently active – 331

• Sold – 29

  • Average sale price – $538,091

  • Median sale price – $502,000

• 4 months of inventory

Vacant Lot

• Currently active – 215

• Sold – 7

  • Average sale price – $187,035

  • Median sale price – $183,750

• 7 months of inventory

Rural Lac Ste Anne County:

Country Residential

• Currently active – 216

• Sold – 18

  • Average sale price – $311,549

  • Median sale price – $269,735

• 12 months of inventory

Vacant Lots

• Currently active – 145

• Sold – 3

  • Average sale price – $148,666

  • Median sale price – $151,000

• 3 months of inventory

If you have any questions about the real estate market, buying or selling, please feel free to contact me at (780) 718-1052 and I would be happy to answer them for you!

*Months of inventory = the measure of how many months it would take for all of the currently active listings to sell. This is a great indicator of whether it is a buyer’s or seller’s market.

*Seller’s market = 3 or less months of supply

*Balanced market = 3-4 months of supply

*Buyer’s market = 5+ months of supply